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cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and today, the clearer vision that greenspan referred to was clouded the cyprus, we have the report by cyprus matters. >> reporter: cyprus is a smaller island with a smaller economy. but now the
cyprus has an economy the size of vermont but the assets eight times more than the country's gdp. therein the financial woes come as no surprise to analysts. listen to what alan greenspan said friday. >> europe has been hanging over the american markets for quite a while. the removal of that risk, i think temporarily, i think it is only temporary, has enabled the underlying forces of the market to begin to come into vision. >> and today, the clearer vision that greenspan referred to...
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Mar 18, 2013
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wherever you are today, fidelity's guidance can help fine-tune your personal economy. fidelity investments -- turn here. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions in capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> this is "bbc world news america." reporting from washington, i am katty kay. the financial crisis in cyprus. the bailout plan to save this time the island from bankruptcy rattled markets around -- this tiny island from bankruptcy rattled markets around the world. we examine intelligence about weapons of mass destruction that was ignored. from one jungle to another. we will show you this man's struggle to survive in new york city after spending his whole life in the amazon rain forest. welcome to our viewers on public television in america and also around the globe. a tiny island is shaking the eurozone. financial markets fell after the terms of
wherever you are today, fidelity's guidance can help fine-tune your personal economy. fidelity investments -- turn here. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions in capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news america." >> this is "bbc world news...
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Mar 19, 2013
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. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: today's supreme court arguments pitted a national law against a 2004 arizona voter registration bill. the case explores the extent of state powers against the controversial backdrop of voting restrictions. arizona's proposition 200 requires state residents to provide either a driver's license, passport, birth certificate or physical proof of citizenship before they can vote. but an existing federal law requires only a sworn statement of citizenship on a voter registration form. supporters say the arizona measure cuts down on voter fraud by keeping noncitizens from
. >> major funding for the pbs newshour has been provided by: moving our economy for 160 years. bnsf, the engine that connects us. >> and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs...
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Mar 23, 2013
03/13
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some hope that at -- on sunday or at least monday they will have news that at least portions of the economy will be saved. >> let's take you now to brussels and speak to al-jazeera's harry smith. the finance ministers are likely to discuss this possible deal on sunday in >> i must say it's interesting to hear what he had to say. word hasn't reached us yet. it may have reached the bureaucrats in the building behind us. the lights are still on and talks have been talk dunk taking place behind closed doorkss as jonah said. e know there's been a lot of conferencing and video conferencing between the troika, the -- and the last we heard was that there is still confirmation that meetings will take place here tomorrow, sunday, but meetings are scheduled and i think the fact that they were scheduled and scheduled some days in advance suggests that there was a degree of optimism even if there is no public display of optimism and there was a degree of optimism that some sort of deal would be made and we know it has to be made by monday. at's the date by which the european confirmation that meet will
some hope that at -- on sunday or at least monday they will have news that at least portions of the economy will be saved. >> let's take you now to brussels and speak to al-jazeera's harry smith. the finance ministers are likely to discuss this possible deal on sunday in >> i must say it's interesting to hear what he had to say. word hasn't reached us yet. it may have reached the bureaucrats in the building behind us. the lights are still on and talks have been talk dunk taking...
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really happening to the global economy with. headlines kaiser reports. mission to teach. thousands of syrians a. cleric killed by a suicide bomber in damascus say. he was also a high profile supporter of the embattled president bashar al assad. told us any muslim scholar who goes against the rebels is now at target. clergyman or let's say going to school those who are not with the opposition were targeted or were killed we can remember the names for example but others were killed because of having an opinion different done position but everybody believed that what happened is unjustified and cannot be explained we have extremist groups systemic seem to group jihad these who are fighting against the government and the mr before he was killed last friday in his last speech he said that we should fight with the syrian army and you should not fight with with this opposition groups so this raises a lot of controversy and controversy and discussion in the syrian society and this lead into this killing and we have mr kind of. the permanent assume the. spoiler who lives in he sai
really happening to the global economy with. headlines kaiser reports. mission to teach. thousands of syrians a. cleric killed by a suicide bomber in damascus say. he was also a high profile supporter of the embattled president bashar al assad. told us any muslim scholar who goes against the rebels is now at target. clergyman or let's say going to school those who are not with the opposition were targeted or were killed we can remember the names for example but others were killed because of...
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Mar 21, 2013
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economy gets back at a 4% growth rate? >> no, i'm not surprised. we saw no sense of that-- at the very beginning of the recovery we got to some 4% numbers. we even hit a five but it got revised down. but it didn't last long, and frankly, we've had very few quarters since the early stages of this recovery that had a 3 evennals the first digit, never mind a four. so four looks like a big stretch, but you're right to use a number like that. in previous overseases, beating four-- recoveries beating four was considered a piece of cake. >> rose: what's happening in the stock market, david? >> yeah, it's doing very nicely. a few things are happening. one, the corporate sector continues to do pretty well. even though g.d.p. growth has been mediocre, a large portion of that g.d.p. growth is going to the corporate sector instead of work fers a whole variety reasons. so that translates into pretty good corporate profits which in turn translates into good stock prices. the other thing is interest rates are so low by design people are willing to take risks and
economy gets back at a 4% growth rate? >> no, i'm not surprised. we saw no sense of that-- at the very beginning of the recovery we got to some 4% numbers. we even hit a five but it got revised down. but it didn't last long, and frankly, we've had very few quarters since the early stages of this recovery that had a 3 evennals the first digit, never mind a four. so four looks like a big stretch, but you're right to use a number like that. in previous overseases, beating four-- recoveries...
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Mar 22, 2013
03/13
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there is an enormously negative impact on the global economy. particularly in asia. every adjourning area next to iran is susceptible to a local war which used to be called people's war. passivelyus to be friendly, expecting soviet reactions. likelyasked what is the soviet reaction by the president of the united states? they may state border incidents, we have had lots of them. then he says they may invade us from mongolia where they have 22 armored divisions and strike southward towards beijing directly. he says we will use people's war, and i know what he meant. the kind of things we experienced also. people's wars do not end quickly. we are not going to kill all iranians. inn if they do these things the region. the protracted conflict will make this experience a bit -- make this experience of a decade ago seemed like a trifle. therefore i am worried by we are trying to buy off this pressure the president is feeling for commitments to military action against iran without fully contemplating the large scale geopolitical consequences, the affect a effectthe this -- t
there is an enormously negative impact on the global economy. particularly in asia. every adjourning area next to iran is susceptible to a local war which used to be called people's war. passivelyus to be friendly, expecting soviet reactions. likelyasked what is the soviet reaction by the president of the united states? they may state border incidents, we have had lots of them. then he says they may invade us from mongolia where they have 22 armored divisions and strike southward towards...
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Mar 21, 2013
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its economy is in dire straits. its leadership is divided. and its position -- in the region, and the world -- has only grown weaker. i do believe that all of us have an interest in resolving this issue peacefully. strong and principled diplomacy is the best way to ensure that the iranian government forsakes nuclear weapons. peace is far more preferable to war. and the inevitable costs, the unintended consequences that would come with war means that we have to do everything we can to try to resolve this diplomatically. because of the cooperation between our governments, we know that there remains time to pursue a diplomatic resolution. that's what america will do, with clear eyes -- working with a world that's united, and with the sense of urgency that's required. but iran must know this time is not unlimited. and i've made the position of the united states of america clear: iran must not get a nuclear weapon. this is not a danger that can be contained, and as president, i've said all options are on the table for achieving our objectives. ame
its economy is in dire straits. its leadership is divided. and its position -- in the region, and the world -- has only grown weaker. i do believe that all of us have an interest in resolving this issue peacefully. strong and principled diplomacy is the best way to ensure that the iranian government forsakes nuclear weapons. peace is far more preferable to war. and the inevitable costs, the unintended consequences that would come with war means that we have to do everything we can to try to...
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we've invested our money into the economy of cyprus but they could cut us off what are the grounds for that. we have to get out of the euro but we will stay home how they will hear us and our kids. and we don't accept it that will be no development with us and nobody will come to the side with us now this new bank deposit levy good possibly be announced but we have to wait for an official announcement that at one point you think we have to know whether to try to will approve it i went to brussels on sunday. the crisis in cyprus a city shock waves in across the eurozone and another meltdown too could be on the horizon this time in slovenia to small economies also burdened by a heavily indebted banking sector the i.m.f. most saying that the share of bad debt seen creasing there among some of the state run banks hands on the screen showing the bad debt of three of the country's leading banks was fifteen point six percent of the total loans back in twenty eleven but that figure rose to twenty point five percent last year adds up to around seven billion euros or twenty percent of that natio
we've invested our money into the economy of cyprus but they could cut us off what are the grounds for that. we have to get out of the euro but we will stay home how they will hear us and our kids. and we don't accept it that will be no development with us and nobody will come to the side with us now this new bank deposit levy good possibly be announced but we have to wait for an official announcement that at one point you think we have to know whether to try to will approve it i went to...
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find out what's really happening to the global economy with max concert for a no holds barred look at the global financial headlines tune in to kaiser report on. a clear image of iraq story facing. twenty day taxi trip through the country. the road full of danger. clear evidence from north to south. the route of iraqi tragedy. after the war waiting for peace. talks e r t. again could have you with a soyuz for hunger striking detainees at guantanamo bay claim that being denied access to their clients the situation said to be life threatening is more than one hundred captives have reportedly been starving themselves know for a month and a half u.s. officials have downplayed the allegations of the scale of the crisis meantime and what president obama is still not kept his promise to close the detention center the military is now asking for money to upgrade the facility got to change account reports. the spokesperson for guantanamo robert do read and responded to our tease inquiry here's what he writes as of friday the twenty second of march twenty third seed we have twenty six hunger str
find out what's really happening to the global economy with max concert for a no holds barred look at the global financial headlines tune in to kaiser report on. a clear image of iraq story facing. twenty day taxi trip through the country. the road full of danger. clear evidence from north to south. the route of iraqi tragedy. after the war waiting for peace. talks e r t. again could have you with a soyuz for hunger striking detainees at guantanamo bay claim that being denied access to their...
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Mar 18, 2013
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if only because of the economy. this isn't an unrivaled economic super power anymore and doesn't have the money to throw around to get done what it wants done. >> host: i saw hints in the book, at least, of you coming to terms, asking questions about some people might want american decline but what does that mean? do you want china to replace centers would that be good for the world? or no power to have a significant say? would that be good? i got the impression that in some ways very personal terms because it's not only this broad question of american power, it's relating to your experience back in beirut and what you learned in the secretary of state that you think that america having a strong presence in the world, the strongest presence, enif you include think it's relatively declined, is a positive. aye am i misreading senate. >> guest: the relative decline thing, i think american power is changing. the think the whole notion of power is changing. so i'm not actually a big fan of the word decline beau because i
if only because of the economy. this isn't an unrivaled economic super power anymore and doesn't have the money to throw around to get done what it wants done. >> host: i saw hints in the book, at least, of you coming to terms, asking questions about some people might want american decline but what does that mean? do you want china to replace centers would that be good for the world? or no power to have a significant say? would that be good? i got the impression that in some ways very...
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Mar 21, 2013
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so is there is a connection between tallest building and strongest economy? now, an economist named andrew lawrence is behind something called the skyscraper index which shows that the construction of very tall buildings is actually a great way to predict the onset of economic changes. so here's how it works. when a skyscraper begins construction, everybody is all excited, ebullient, right, the country is growing. usually they are too excited and then there is a dramatic plunge in the economic outlook of the country. but according to the index, once the skyscraper has finally finished, the economy will be climbing back. one world trade center will be america's tallest tower when it is completed next year. and even though americans' confidence in the economy is bad, our new tallest building seems to indicate things are looking up. hey, you know, i know it's just one tower. and sure, it's a rather thin hope. but if the index holds true, america's economy is going to be in a way better place, a lot sooner than anybody thought. ♪ if loving you is wrong ♪ i do
so is there is a connection between tallest building and strongest economy? now, an economist named andrew lawrence is behind something called the skyscraper index which shows that the construction of very tall buildings is actually a great way to predict the onset of economic changes. so here's how it works. when a skyscraper begins construction, everybody is all excited, ebullient, right, the country is growing. usually they are too excited and then there is a dramatic plunge in the economic...
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government cutbacks, they're also going to have the recession that follows on as they try and make the economy back on track. this was done because some european countries believed to be the fins and germans and other northern european countries wanted to make sure they were not seen as bailing out rich russian who have accounts in cyprus. or indeed they now felt that people had to pay their part of the pain. but it was not done in ireland. it was not done in portugal. it was not done in greece. and with the prospect of possibility of spain and italy, you can see -- i cannot find, michael and suzanne, i cannot find one economist or banker that i've spoken to today that says this was a good idea. everybody agrees it was a pretty awful policy. >> let's bring in alison. i want you to weigh-in on the conversation here. we're looking at the u.s. markets. looks like it's down by eight points or so. what is the impact do you think in the united states? >> it's actually come back a long way, hasn't it? >> michael, it really has. you saw the knee-jerk reaction right when the bell opened the dow dropped
government cutbacks, they're also going to have the recession that follows on as they try and make the economy back on track. this was done because some european countries believed to be the fins and germans and other northern european countries wanted to make sure they were not seen as bailing out rich russian who have accounts in cyprus. or indeed they now felt that people had to pay their part of the pain. but it was not done in ireland. it was not done in portugal. it was not done in...
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money in other banks will also be forced to sacrifice part of their savings to the country's aging economy. or has the latest details for. what we have now is we agree with forty one percent tox for the positive above one hundred thousand euros in the back of cyprus that's the country's biggest lender and four percent on deposits of about a thousand in other banks so this has been an important information piece of information that people here have been waiting for and this is a good part of that package of cyprus is trying to put together before that sunday meeting in brussels where they will present the entirety of it to the floor of the hope to get approval of what they have so far aside from that levy that they have is the a bad controls that will be imposed on controlling the amount of money flowing in and out of of that the country the country's banks as well as the amount of money people can access and also be have that data point that want to pull together a certain amount of money that they have to put up with order to get the tender building the euro be allowed again not from the
money in other banks will also be forced to sacrifice part of their savings to the country's aging economy. or has the latest details for. what we have now is we agree with forty one percent tox for the positive above one hundred thousand euros in the back of cyprus that's the country's biggest lender and four percent on deposits of about a thousand in other banks so this has been an important information piece of information that people here have been waiting for and this is a good part of...
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Mar 25, 2013
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so there's an enormously negative impact on global economy immediately, particularly in asia for which neither the japanese, nor the chinese will be particularly grateful to us. but also push the europeans much more into the hands of the russians. and then every adjoining area next to iran is susceptible to local war which used to be called in the communist lexicon people's war. i once had a meeting with xiaoping in which he informed us that he's going to invade vietnam, and he wanted us to be sort of passively friendly expecting soviet reactions. he was asked what is the likely soviet reaction by the president of the united states. and he sort of breezily said, well, you know, they may do this, they may do that, they may send arms, that will take a long time because we're not going to be doing it for a long time, they may stage border incidents, we have add lots of them, so we can have a few more, so what? and then he says they may invade us from mongolia where they have 22 armored divisions and strike southward towards beijing directly. and he says we will use people's war on them. a
so there's an enormously negative impact on global economy immediately, particularly in asia for which neither the japanese, nor the chinese will be particularly grateful to us. but also push the europeans much more into the hands of the russians. and then every adjoining area next to iran is susceptible to local war which used to be called in the communist lexicon people's war. i once had a meeting with xiaoping in which he informed us that he's going to invade vietnam, and he wanted us to be...
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Mar 23, 2013
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to a prison industrial-based economy. we went into community that wanted the prisons because of the good jobs they provided and the boost to the local economy or perhaps we went into a community that didn't have the political ability to stop it. but most communities love their prisons. the people ha work another the prisons, it's not their fault. they're hired to do a job. and they do their job. >> reporter: do you mean -- i'm sure you do -- do you realize how disgusting that is? >> i do. people in my business talk about it all the time. >> reporter: but at the end of it all says dr. grassian, we're shooting ourselves in the foot. >> you have these kids getting more and more out of control, more and more impulsive, more and more emotionally out of control because they're in solitary, it's very likely that's going to be a permanent impairment in their lives. >> reporter: and those in society you say, too bad, they shouldn't have committed the crime in first place? >> well, guess what, 95% of them will get back out into you
to a prison industrial-based economy. we went into community that wanted the prisons because of the good jobs they provided and the boost to the local economy or perhaps we went into a community that didn't have the political ability to stop it. but most communities love their prisons. the people ha work another the prisons, it's not their fault. they're hired to do a job. and they do their job. >> reporter: do you mean -- i'm sure you do -- do you realize how disgusting that is? >>...
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Mar 20, 2013
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here somehow find a way they can come out of the shadows and be contributors and tax payers in this economy. >> but i'm talking about folks here legally, congressman, not living in the shadows. they are here legally. eligible to become citizens and haven't chosen to. two thirds in the case of mexican legal immigrant. >> that's a head-scratcher for me. i don't know what the answer is to that. i don't know the impediments. if you are legal and could come forward, then i would hope you would. you have to meet obligations that all citizens have. >> congressman, if i could go back to what you were saying about a grand bargain and the need to get healthcare costs under control, some of the ideas for reforms to medicare as part of a grand bargain have been means testing and raising the pled care eligibility age, are those reforms that you support? >> well, means testing we already do. that is already part of medicare and a lot of folks don't know that. so that is okay with me. raising the age, i think, is a bad idea. it doesn't save money. i think if anything, the real focus here has to be on tryi
here somehow find a way they can come out of the shadows and be contributors and tax payers in this economy. >> but i'm talking about folks here legally, congressman, not living in the shadows. they are here legally. eligible to become citizens and haven't chosen to. two thirds in the case of mexican legal immigrant. >> that's a head-scratcher for me. i don't know what the answer is to that. i don't know the impediments. if you are legal and could come forward, then i would hope you...
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Mar 24, 2013
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you want to your economy? you've got to include the other half of the country. otherwise you're not going to move forward. i've seen officials at the state department and across washington and overseas as well rolled her eyes, women's issues. it's nice but it's not the urgency. this is not the urgent question of the day. she's made it very much part of the discussion and she's made people realize, well, if you want to move forward you cannot leave behind half the population. >> host: i found interesting one of the cases you make and set out in the beginning of the administration is repairing america's image is in the world. while that was -- there's a pew poll, in places i found it striking, pakistan, jordan down in turkey, down in beirut. down in egypt. this is down from last year of george w. bush's administration. but i want to ask one last question before we enter i think we should just touch on benghazi alluded. how do you think that will affect her legacy if at all? would be a lasting tarnish that she won't be able to escape or will it be something that hi
you want to your economy? you've got to include the other half of the country. otherwise you're not going to move forward. i've seen officials at the state department and across washington and overseas as well rolled her eyes, women's issues. it's nice but it's not the urgency. this is not the urgent question of the day. she's made it very much part of the discussion and she's made people realize, well, if you want to move forward you cannot leave behind half the population. >> host: i...
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Mar 20, 2013
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bennett, israel's minister of the economy is here to answer our questions. plus, mayor michael bloomberg called howard shultz ridiculous. he's out front to respond. and the head of colorado's department of corrections answers the door only to be shot down. we take you to the manhunt tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight with friends like these, well, president obama arrived in israel to day. it was his first trip there as president. everything seemed rosey for a little while between him and benjamin netanyahu. >> and just as we have for these past 6 ayears, the united states is proud to stand with you as your strongest ally and your greatest friend. >> i want to thank you for the investment you have made in our relationship and in strengthening the friendship and alliance between our two countries. >> sounded so perfect. but then -- later in the day things changed. >> iran is a grave threat to israel, a grave threat to the world, a nuclear iran. the united states is committed to dealing with it. >> eac
bennett, israel's minister of the economy is here to answer our questions. plus, mayor michael bloomberg called howard shultz ridiculous. he's out front to respond. and the head of colorado's department of corrections answers the door only to be shot down. we take you to the manhunt tonight. let's go "outfront." >>> good evening, everyone. i'm erin burnett. "outfront" tonight with friends like these, well, president obama arrived in israel to day. it was his first...
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Mar 18, 2013
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the world and make america's case on a daily basis because he was going to be busy at home with the economy. so there was a very clear reason why he -- one of the many reasons why he chose her as secretary of state, because he knew she could do that for him on a daily basis in all around the world. and that's why i think that she would bring to him an accurate reading of where things stood, what she could deliver to him in terms of moving forward, in terms of agreement, in terms of where the players were when it comes to libya, for example. deliver to him, you know, what was needed for him to make the decision. she lost some battles, but she certainly influenced a lot of decisions. libya being one of them and asia, definitely. >> host: uh-huh, and we'll get to libya next, actually, i find that a -- it was a or very interesting scenario in what happened there. but just one last question on the israeli/palestinian conflict. i was covering aipac in 2010 when hillary clinton spoke at the conference, and she mentioned at the time something that i thought was interesting. she said that far-flung
the world and make america's case on a daily basis because he was going to be busy at home with the economy. so there was a very clear reason why he -- one of the many reasons why he chose her as secretary of state, because he knew she could do that for him on a daily basis in all around the world. and that's why i think that she would bring to him an accurate reading of where things stood, what she could deliver to him in terms of moving forward, in terms of agreement, in terms of where the...
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Mar 19, 2013
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in the global economy and the u.s. economy. you know, frankly on every content. it depends on energy prices and food prices, which in turn depend on energy prices and so forth. i think that when it comes to pass, it won't diminish the interest that we have middle east. so i frankly do not hear a lot of concern about that. i hear much more about it here, frankly. >> thank you, dennis, david, and michael. thank you all for joining us today. please look out on your e-mails for the release of this strategic transition paper. and for what i'm sure will be written analysis that my colleagues will be producing probably as he is flying home. thank you for joining us today. [applause] [inaudible conversations] >> president obama officially named tom presents his choice to be the next labor secretary at a white house event on monday. here is a portion of the president's remarks. >> as the at the head of the u.s. justice department's civil rights division, we have pathways into the workforce for everyone willing to contribute including lg bt americans and immigrants. and he
in the global economy and the u.s. economy. you know, frankly on every content. it depends on energy prices and food prices, which in turn depend on energy prices and so forth. i think that when it comes to pass, it won't diminish the interest that we have middle east. so i frankly do not hear a lot of concern about that. i hear much more about it here, frankly. >> thank you, dennis, david, and michael. thank you all for joining us today. please look out on your e-mails for the release of...
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Mar 21, 2013
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economy. they are also costs associated with unconventional policy, such as potential effects of financial stability, which are hard to quantify and people have different views about. giveve not been able to quantitative thresholds at this point for the assets -- asset purchases. we will continue to provide information as we go forward. in particular, as i mentioned it , wey, as we make progress may adjust the flow rate of purchases month-to-month to appropriately calibrate the amount of accommodation we are providing giving the outlook -- given the outlook. weterms of further color, have not given quantitative analysis. we would be looking for a sustained improvement in a range of key labor market indicators, including payrolls, but also others like the hiring rate, claims for unemployment insurance, and so on. we are looking for a sustained improvement across a range of indicators and since we are looking at the outlook and the prospects rather than the current state of the labor market, we
economy. they are also costs associated with unconventional policy, such as potential effects of financial stability, which are hard to quantify and people have different views about. giveve not been able to quantitative thresholds at this point for the assets -- asset purchases. we will continue to provide information as we go forward. in particular, as i mentioned it , wey, as we make progress may adjust the flow rate of purchases month-to-month to appropriately calibrate the amount of...
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Mar 20, 2013
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economy, keeping short-term interest rates at record lows. and it said there are signs the economy is getting stronger. one of those signs-- unemployment-- fell to a four- year low of 7.7% in february. still, the fed predicted it won't reach 6.5% until 2015. the fed and its chairman, ben bernanke, also had words of caution for congress. >> i do believe that long-term fiscal stability is extremely important and i urge congress and the administration, as i always do when i go to testify, to do whatever is necessary to put us on a sustainable fiscal path going forward. but in doing so, i think it's a good idea to pay attention to the impacts in the near term on what is still not a completely satisfactory recovery. >> sreenivasan: congress moved a step closer to advancing a spending bill that would keep the federal government running through september. the senate passed the legislation this afternoon along bipartisan lines. the measure funds the day-to-day operating budgets of every cabinet agency, gives $87 billion to fund overseas military prog
economy, keeping short-term interest rates at record lows. and it said there are signs the economy is getting stronger. one of those signs-- unemployment-- fell to a four- year low of 7.7% in february. still, the fed predicted it won't reach 6.5% until 2015. the fed and its chairman, ben bernanke, also had words of caution for congress. >> i do believe that long-term fiscal stability is extremely important and i urge congress and the administration, as i always do when i go to testify, to...
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Mar 22, 2013
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i mean their economy is going to hell. they have got a real problems. they need imf financing. so we need to engage with them but we also need to stand on our principleses. >> rose: whatever happened to the idea expressed at this table that in an interesting way the responsibility of governing might make islamist parties change. they would face a new reality and that therefore they would understand more than they did when they were outside of power, what it meant. and they would make different choices. >> the answer is that there is no universal-- there is no universal answer for this. because asian is lam with countrieses like indonesia and malaysia is one thing. turkey is another, hezbollah and lebanon, egypt, i agree is yet another so there is not one formula. islam is diverse and it will vary from one country to the other. in some countries, islam is in time will become a pragmatic. in other countries, it would be an ongoing revolution, radicallization. >> we have not been clear enough, john kerry has done this on his last trip but we need to be more clear about standing fo
i mean their economy is going to hell. they have got a real problems. they need imf financing. so we need to engage with them but we also need to stand on our principleses. >> rose: whatever happened to the idea expressed at this table that in an interesting way the responsibility of governing might make islamist parties change. they would face a new reality and that therefore they would understand more than they did when they were outside of power, what it meant. and they would make...
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Mar 20, 2013
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we have a bailout of our own going on every month when the fed puts that money into the economy. that's why we have got the low interest rates, that's why we're seeing a bit of a housing boom right now because money is cheaper than it has been in years. >> it is a huge economic stimulus package from the federal reserve and the chairman, ben bernanke. ali, thank you very much for that report. >>> we're going go back to jerusalem. we're awaiting the president of the united states, the prime minister of israel, they're getting ready for a news conference, to talk about their meeting, talking about iran, its nuclear program, syria, what is going on there. will the u.s. intervene? has a red line been crossed in syria as a result of reports that perhaps chemical weapons have been used? our coverage continues right after this. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. humans. we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back, offering exc
we have a bailout of our own going on every month when the fed puts that money into the economy. that's why we have got the low interest rates, that's why we're seeing a bit of a housing boom right now because money is cheaper than it has been in years. >> it is a huge economic stimulus package from the federal reserve and the chairman, ben bernanke. ali, thank you very much for that report. >>> we're going go back to jerusalem. we're awaiting the president of the united states,...
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Mar 21, 2013
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you have a very weak economy. it was interesting that in the obama recovery, family income went down to $2,500 a year, where during the recession in come on it went down $5,000 a year. families were doing worse, yet in the campaign, obama ran an extremely good campaign, and he won despite his disadvantages and he won freckly at a predictable way. he made the election about his opponent. allowed obamaple to define romney. romney thether than fighting romney, and that is why it is important for republicans to look back and say what did we do wrong. the idea that the republican party is in some terrible shape certainly -- i do not buy that. i have seen terrible shape. i remember watergate, i remember when the 13% of americans identified themselves as republicans, and the national chairman appointed people to see if we should change the name of the party. for 40 years, the most number of republicans in the house was 192. andy we have 230 something, it is absolutely a bright to figure out what you did wrong, and the ob
you have a very weak economy. it was interesting that in the obama recovery, family income went down to $2,500 a year, where during the recession in come on it went down $5,000 a year. families were doing worse, yet in the campaign, obama ran an extremely good campaign, and he won despite his disadvantages and he won freckly at a predictable way. he made the election about his opponent. allowed obamaple to define romney. romney thether than fighting romney, and that is why it is important for...
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Mar 22, 2013
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think can be hugely successful in helping to lift up the economy as a whole. i was with president perez before i came here looking at a high-tech exhibit that was taking place in jerusalem and there was actually a program that a u.s. company, cisco, set up where they were hiring young engineers because they were so well qualified, so talented, and there is a great hunger for those kinds of skills. imagine if you have a strong, independent state that is eaceful. all the talent that is currently being untapped that could create jobs, businesses, and prosperity throughout this area. i absolutely belief it is still possible. but i think it is very difficult. i think it is difficult because all sorts of political constraints on both sides. i think it is difficult, frankly, because sometimes we know what compromises have to be made in order achieve peace it is hard to admit those compromises have to be made. because people want to cling on to their old positions and want to have 100% of what they want or 95% of what they want instead of making the necessary compromi
think can be hugely successful in helping to lift up the economy as a whole. i was with president perez before i came here looking at a high-tech exhibit that was taking place in jerusalem and there was actually a program that a u.s. company, cisco, set up where they were hiring young engineers because they were so well qualified, so talented, and there is a great hunger for those kinds of skills. imagine if you have a strong, independent state that is eaceful. all the talent that is currently...
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Mar 19, 2013
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in the global economy and the u.s. economy. the security of our allies whether in the middle east or further afield, you know, frankly, on every continue innocent depend in many ways -- continent depend in many ways on energy prices, food prices and so fort. so i think our independence of supply will be excellent, but it really won't diminish the interests we have in the middle east. i, frankly, don't hear a lot of concern about that when i go to the region. i hear much more about it here, frankly. >> very good. well, thank you, dennis, david, and mike. thank you for your presentations, and thank you all for joining us today. and, please, look out on your, um, on your e-mails for, again, the release of this strategic transition paper, obama ii in the middle east by dennis and jim jeffrey and for what i'm sure will be the written analysis of the president's trip that my colleagues will be producing, um, and will be transmitting to you probably as he's flying home. so thank you all very much for joining us today. bye-bye. [applau
in the global economy and the u.s. economy. the security of our allies whether in the middle east or further afield, you know, frankly, on every continue innocent depend in many ways -- continent depend in many ways on energy prices, food prices and so fort. so i think our independence of supply will be excellent, but it really won't diminish the interests we have in the middle east. i, frankly, don't hear a lot of concern about that when i go to the region. i hear much more about it here,...
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Mar 22, 2013
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economy. places that are strong in are growing.ces information sector, utilities. these are areas that have not been growing. host: talk about new england. aest: i grew up outside of town in massachusetts. it has similarities to new bedford. .bout 100,000 people strong industrial heritage. it redefined and re-scope itself successfully over the last couple of decades. massachusetts recognizes that its older cities have these challenges. and i go home to visit, there have been efforts to revitalize the older cities. they have lots of charms. new bedford has a wonderful whaling history. has worked atry sincetizens -- census 1997. we are looking at population changes. our other guest is lisa sturtevant with guest: richey-- where mason university she is a p deputy analysis. let's hear from bob, south dakota, rural. caller: i have some comments. [indiscernible] we should look at our urban areas. retracting and using that infrastructure that we have built and upgrading it. they have green belt and gr
economy. places that are strong in are growing.ces information sector, utilities. these are areas that have not been growing. host: talk about new england. aest: i grew up outside of town in massachusetts. it has similarities to new bedford. .bout 100,000 people strong industrial heritage. it redefined and re-scope itself successfully over the last couple of decades. massachusetts recognizes that its older cities have these challenges. and i go home to visit, there have been efforts to...
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Mar 24, 2013
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since he was forced from power pakistan leadership struggled with the sinking economy islamic extremist faxes and tensions over drone strikes. >>> mayors against gun violence tellased $12 million in television ad time. the ads airing in 13 key states across the country that the group thinks are divided on gun control. making an appearance on meet the press mayor bloomberg said he has plenty of support. >> this is about the public wanting to be safe on their streets and the public having the right to buy arms and the right to protect themselves and the right to use them for sport, for hunting, but also it is about the public's right to keep guns out of the hands of criminals and the mentally ill. that is in everybody's interest. >> shannon: the comments from mayor bloomberg come as the debate over gun control continues here in washington. earlier this week, senate majority leader harry reid removed an assault weapons ban from the gun control bill he plans to offer saying he didn't have the votes to get it passed. republican senator tom coburn says he doesn't believe the focus should be o
since he was forced from power pakistan leadership struggled with the sinking economy islamic extremist faxes and tensions over drone strikes. >>> mayors against gun violence tellased $12 million in television ad time. the ads airing in 13 key states across the country that the group thinks are divided on gun control. making an appearance on meet the press mayor bloomberg said he has plenty of support. >> this is about the public wanting to be safe on their streets and the public...
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Mar 21, 2013
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economy. earlier this month my organization released a study that found that the unmanned aircraft industry is poised to and $30. 000 new job billions within the first three years. understands that this technology is new to most americans. their opinions are being formed .y what they see in the news this is an opportunity to address the misconceptions about the technology and discuss how it will be used for domestic applications. "drone."use the term ua.s.'s. includes the technology on the ground with the human at the controls. is nothing unmanned about unmanned systems. the term carries with it a hostile connotation and does not reflect how u.a.s.'s being used domestically. to performed dangerous and difficult tasks more safely and more efficiently. they are used to assess flooding in the red river in the upper midwest. they are used to help battle wildfires in california. they are being used to study everything from hurricanes in the gulf of mexico, tornadoes, and volcanoes in hawaii. theke
economy. earlier this month my organization released a study that found that the unmanned aircraft industry is poised to and $30. 000 new job billions within the first three years. understands that this technology is new to most americans. their opinions are being formed .y what they see in the news this is an opportunity to address the misconceptions about the technology and discuss how it will be used for domestic applications. "drone."use the term ua.s.'s. includes the technology...
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Mar 25, 2013
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economy. so this report focuses narrowly on electoral prospects, but in many ways the stakes are much larger. and i concede your points, you're right. >> so regarding the question about, you know, how would political parties even b if they have programs be able to implement them, you know, if they come to power in government, look, there are a couple of things. i already mentioned the need for, um, creating political alliances across party lines, so to speak; islamist, secularist, right, left. i don't fancy that everyone in egypt can unite in, you know, in one giant bloc. but, in other words, you know, it's not going to be possible for just one, no one political party or one political force is going to be able to make big things happen, right? and we see some of the big things that have to happen. economic reform is desperately needed, right? someone has to address the hemorrhaging of the egyptian government budget through particularly fuel subsidies and efforts to support the egyptian pound,
economy. so this report focuses narrowly on electoral prospects, but in many ways the stakes are much larger. and i concede your points, you're right. >> so regarding the question about, you know, how would political parties even b if they have programs be able to implement them, you know, if they come to power in government, look, there are a couple of things. i already mentioned the need for, um, creating political alliances across party lines, so to speak; islamist, secularist, right,...
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Mar 18, 2013
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different palestinian territories, ramala has many problems, but much more bustling in terms of the economy, more later model cars, shops and cafes open. in gaza, poverty, donkeys and horses, some cars, but most older and beat up. still right there in the center of gaza city, big posters celebrating what they call martyrs, murderers, terrorists who carried out strikes on israelis, and, hamas, which, of course, controls gaza. economically, it's devastation, wolf. i was at a furniture factory, for example, 150 employees a few years ago, used to trade to israel, ship to the united states and elsewhere, but israel won't accept exports anywhere, so from 150 employees down to to employees. the owner said he blames israel but also hamas and fattah. competing parties is what's causing devastation in gaza and, wolf, i'll tell you this, there is no hope that president obama is going to make anything different, at least not on this trip. >> yeah, maybe they'll start something, but sure nothing much is going to be emerging in the immediate period ahead. john, we'll check back with you tomorrow. thanks
different palestinian territories, ramala has many problems, but much more bustling in terms of the economy, more later model cars, shops and cafes open. in gaza, poverty, donkeys and horses, some cars, but most older and beat up. still right there in the center of gaza city, big posters celebrating what they call martyrs, murderers, terrorists who carried out strikes on israelis, and, hamas, which, of course, controls gaza. economically, it's devastation, wolf. i was at a furniture factory,...
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Mar 20, 2013
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the economy is digging its way out of a very bad economy. the housing market we hope is recovering and better way to get better growth. the bad news is the fed is held hostage by a congress and administration that can't get anything done and it will continue to print money because it feels like it has to do something but it's not working very well. so really all roads lead to let's fix the debt and until we balance budgets, until we get serious about that, the fed is not able to fix it. >> douglas holtz-eakin, thank you very much. tom brokaw, thank you. alex, we will see you at noon. >> what is coming on at noon? >> doug is back! >> you just can't shake him! >> smart, smart, smart. thank you so much. >>> on tomorrow's show, we have the secretary of health and human services kathleen sebelius with join us. >>> coming up here on "morning joe," how do can you tell if a novel is worth reading when it gets a movie deal before it even hits the shelves. we will talk to best seller harlan coppen about his best novel in six years. do we have a mower?
the economy is digging its way out of a very bad economy. the housing market we hope is recovering and better way to get better growth. the bad news is the fed is held hostage by a congress and administration that can't get anything done and it will continue to print money because it feels like it has to do something but it's not working very well. so really all roads lead to let's fix the debt and until we balance budgets, until we get serious about that, the fed is not able to fix it....
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Mar 25, 2013
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it will soon be one of the world's largest economies. its involvement in asia will be a welcomed addition. the u.s. must work with india to reduce her domestic constraints to growth and increase foreign direct investment, reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all live in the is ranking and spur business growth in a way that has been missing thus far. since asia's economy is largely based on global supply chains, it is absolutely critical for india to enact reforms, to liberalize its economy, to tap into this regional market. this is out in the anchors itself in the asia-pacific region, and we should do what we can to help leverage those reforms inside india. that is why i believe the administration must redouble its efforts to secure a u.s.-india bilateral investment treaty. current negotiations are proceeding far too slowly. there are important issues to resolve. it's going to take a concerted effort to make progress, but once the vat is fir
it will soon be one of the world's largest economies. its involvement in asia will be a welcomed addition. the u.s. must work with india to reduce her domestic constraints to growth and increase foreign direct investment, reducing red tape, increasing the supply of electricity, improving the tax system, strengthening the ability to enforce contracts will all live in the is ranking and spur business growth in a way that has been missing thus far. since asia's economy is largely based on global...
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Mar 20, 2013
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>> it's a little tiny island economy that it really, i mean the dow was whipsawed yesterday in this country because we're watching what happens there. all of these cracks in europe very important to the u.s. stock futures right now are up. dow futures are up 30 points. this tiny country bears watching this morning. the problem is going to sound familiar to you. if cyprus doesn't get a bailout, it could go bankrupt, exit the euro-zone and lead to financial instability at exactly the wrong time for the world economy. the plan to fix the problems there include slapping a fee on bank deposits in the country. we complain about bank fees here. this is one major bank fee. they voted this bank fee down and now a bailout of the country is in jeopardy. here's what they were thinking of. if you get a bank account with $129,000, you would have been taxed $8,700, gone. taken right out of your account just like that. the people in cyprus protested and rushed to withdraw their money. look at the protest lines at the banks. any bailout needs to come with strings attached and the russians, guess what? why a
>> it's a little tiny island economy that it really, i mean the dow was whipsawed yesterday in this country because we're watching what happens there. all of these cracks in europe very important to the u.s. stock futures right now are up. dow futures are up 30 points. this tiny country bears watching this morning. the problem is going to sound familiar to you. if cyprus doesn't get a bailout, it could go bankrupt, exit the euro-zone and lead to financial instability at exactly the wrong...